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Sep 30, 2021
Udemy Q3 2021 Earnings Report
Udemy's Q3 2021 results were reported, showing revenue growth and strategic advancements.
Key Takeaways
Udemy reported a 9% increase in revenue year-over-year, totaling $129.6 million. Udemy Business revenue grew significantly by 84% year-over-year, reaching $50.4 million, with an ARR of $207.4 million. Despite overall revenue growth, the company experienced a GAAP net loss of $9.3 million, compared to a net income of $1.9 million in the same quarter of the previous year.
Udemy's total revenue increased by 9% year-over-year, reaching $129.6 million.
Udemy Business experienced substantial growth, with revenue up 84% year-over-year and an ARR of $207.4 million.
The company launched Udemy Business Pro and acquired CorpU to enhance its offerings.
Udemy expanded its international reach through key partnerships in Korea, China, and Sub-Saharan Africa.
Revenue by Segment
Forward Guidance
Udemy provided financial outlook for Q4 2021, projecting revenue between $130.0 - 134.0 million and Adjusted EBITDA between $(28.5) - (24.5) million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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